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The automotive aftermarket is the secondary parts market of the automotive industry, concerned with the manufacturing, remanufacturing, distribution, retailing, and installation of all vehicle parts, chemicals, equipment, and accessories, after the sale of the automobile by the original equipment manufacturer (OEM) to the consumer.
Aftermarket in economic literature refers to a secondary market for the goods and services that are complementary or related to the primary market goods, also known as original equipment). [ 1 ] [ 2 ] [ 3 ] In many industries, the primary market consists of durable goods , whereas the aftermarket consists of consumable or non-durable products ...
Aftermarket may refer to: . Aftermarket (merchandise), any market where customers who buy one product or service are likely to buy a related, follow-on product Automotive aftermarket, the addition of non-factory parts, accessories and upgrades to a motor vehicle also to include removal of parts after vehicle is placed on market
Exterior of an O'Reilly Auto Parts store in Houston in Texas, United States. Interior of an Advance Auto Parts store in Virginia, United States.. An automotive part retailer is a retail business that sells automotive parts and related accessories to both consumers and professional repair shops, through physical stores and websites. [1]
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A replacement automobile engine is an engine or a major part of one that is sold individually without any other parts required to make a functional car (for example a drivetrain). These engines are produced either as aftermarket parts or as reproductions of an engine that has gone out of production.
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The Certified Automotive Parts Association (CAPA) is a non-profit certification organization established in 1987 to develop and oversee a testing program for aftermarket automotive parts. [1] CAPA was created by automobile insurance companies. It was created to control the market on parts used by insurance company contracted collision shops.